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Corbynomics are not as crazy as critics suggest | Business | London Evening Standard

Jeremy Corbyn: in favour of renationalising the railways, banks and energy companies

Corbyn suggests that Government should use its economic clout to make things happen. Is that so bad?

Ironically, most business leaders would agree, up to a point.

Government should be taking advantage of today’s low interest rates to borrow money to invest in infrastructure.

Not to do so is to squander a once in a generation opportunity to rebuild this country.

Corbyn has also suggested nationalising the railways, banks and energy companies.

Whether nationalisation would be any better is a moot point, but no sane person would invent the present system if we were not already stuck with it.

The growth record of neo-liberal free market economics — the mantra for the past 35 years — was recently shown by a group of Cambridge researchers to be worse on almost all counts than the system we had before Mrs Thatcher came along.

The present economic outlook here — and internationally — is far more fragile than the Government cares to admit and it is reasonable to look for an alternative way of doing things.

4 thoughts on “Corbynomics are not as crazy as critics suggest | Business | London Evening Standard”

I entirely agree with Corbyn on nationalisation. The infrastructure of the railways and other nationalised assets were played for both by compensation to the original private owners and by the sweat of the honest labours who mainly were to poor to used what they had built.
The same can be said of any privatised industry. Along came Thatcher and the rails, pipes, cables and power stations were stolen from you and me and fenced to the highest bidder, not for improvement but for pure dogmatic greed.
Sounds familiar, welcome to United Kingdom PLC a wholly owned subsidiary of lobby for cash Ltd.

The only profitable business in England today are the former Public service Utilities, Schools Hospitals, transport, prisons, Probation…all former Civil service appointments which gave near perfect service…the NHS alone created over 100 successful Corporations, as they also worked with Drug, & even Bed suppliers to design what they needed…more importantly, their word was their BOND, YOU COULD ‘BANK’ upon it.
Today, only a SICK or, DESPERATE BUSINESS, fool would trust this shambles of an NHS, for their well-being or their Money.

The Sin City is existing on Welfare (QE), they never could run an honest business. Over a £Trillion in hanouts and still taking…more Welfare in 4 years than the Public have ever had since 1948.
Boy O boy! these City slickers sure do know how to BEG, big time.

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